Wall Street drops at open as Facebook outlook sparks tech rout

Wall Street drops at open as Facebook outlook sparks tech rout
Reuters
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Synopsis

The Dow Jones Industrial Average fell 109.2 points, or 0.31 per cent, at the open to 35520.08.

Agencies
US stock indexes opened lower on Thursday, with the Nasdaq diving more than 2 per cent, as Facebook-owner Meta Platforms' dour forecast jolted the broader tech sector and threatened to upend a nascent recovery in stock markets.

The Dow Jones Industrial Average fell 109.2 points, or 0.31 per cent, at the open to 35520.08.

The S&P 500 fell 54.0 points, or 1.18 per cent, at the open to 4535.41, while the Nasdaq Composite dropped 371.7 points, or 2.58 per cent, to 14045.834 at the opening bell.

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